Per Capital Personal Income
Labor Force
Composition of Personal Income

New business formation
Business retention
Business preparedness

Unemployment Rate
Career and Technical Education
Employer Satisfaction with Workers

Tourism Activity
Fisheries Activity
Commercial and industrial property

AMHS passenger embarkations
Energy efficient housing stock
Leveraged funding

CEDS endorsed
Stakeholder participation
Regional preparedness

 

 

 


General Economic Trends

General Economic Trends in the Prince William Sound region reveal both positive and negative trends. PWSEDD relies on the best available data from the U.S. Bureau of Economic Analysis and the Alaska Department of Labor and Workforce Development to determine these general economic data and trends. These datasets are based on the Valdez-Cordova Census area, which includes communities outside of the district.

Per capita personal income increased between 2012 and 2013. Additionally, the proportion of personal income from net earnings increased and exceeded national levels by more than five percent. Both numbers indicate positive growth in economic activity for the region.

A reduction in labor force is consistent with employer reports of limited qualified workforce availability. Lack of available workforce can hamper current and future growth opportunities.

Key:
All indicators are trending in an undesirable direction
Most indicators are mixed or undetermined
Indicators show both positive and negative trends
All indicators are trending in a desirable direction

 Personal Per Capita Income

↑0.8 %
Change from 2012 - 2013

$51,646
PWS

$50,150
Alaska

$44,765
US

    More info

 Labor Force Size
↓1.0 %
Change from 2013 - 2014

           

↑0.4 %
Alaska

↑0.3 %
US

    More info

 Composition of Personal Income
↑0.6 %
Change in proportion of personal income from net earnings from 2012 – 2013

↑0.6 %
PWS

↑0.7 %
Alaska

↓0.2 %
US

    More info